Our inspections are performed by our experienced team led by a Naval Academy graduate with an MS in Building Systems from the York Institute with over 35 years of experience in building structural, mechanical, electrical, and environmental systems in accordance with ASTM Standards.
Our experienced team has conducted thousands of inspections on all types of buildings including large office buildings down to office condominiums, industrial sites, retail sites, restaurants, multi-family buildings and hotels. Our inspections will include but are not limited to the following:
The Reserve Study consists of the Physical Analysis and the Financial Analysis. The Physical Analysis assesses the current condition and repair or replacement cost of the major common area components the association is obligated to maintain. The Financial Analysis contains an evaluation of the association’s Reserve balance (measured by Percent Funded) and a recommended Funding Plan to offset the anticipated replacement cost of the major common area components the association is obligated to maintain.
Reserve Studies are required per the Condominium Act (55-79.39) and the Property Owners’ Association Act (55-514.1) at least every five (5) years with an annual review. We are here to help you stay in compliance with this law.
Donofrio & Associates, LLC. has a unique Reserve Study System that provides a cost-effective and easy to interpret report, providing a powerful and valuable tool for building/property managers and owners.
We will provide an analysis and spreadsheet detailing immediate needs and projected reserve requirements for periods of 10, 20, or 30 Years.